Bingo Industries Limited announced unaudited consolidated earnings results for the six months ended December 31, 2017. For the half year period, the company reported revenue and pro forma EBITDA growth of 43% and 40% respectively. Net revenue increased by 43.2% compared to the prior corresponding period reflecting ongoing business momentum and increased market share, new customer contributions and the early impact of completed acquisitions. Total revenue and other income was AUD 142,394,000 against AUD 99,458,000 a year ago. Profit before income tax was AUD 26,566,000 against AUD 20,046,000 a year ago. Profit for the year attributable to owners of the company was AUD 17,787,000 against AUD 13,672,000 a year ago. Diluted earnings per share were 4.9 cents against 4.5 cents a year ago. Net cash provided by operating activities was AUD 21,580,000 against AUD 16,782,000 a year ago. Purchase of property, plant and equipment was AUD 64,523,000 against AUD 1,973,000 a year ago. Purchase of intangible assets was AUD 593,000 against AUD 302,000 a year ago. EBITDA was AUD 43,844,000 against AUD 29,183,000 a year ago. Net debt was AUD 73.0 million as on December 31, 2017, down 10.5% from AUD 81.5 million as on December 31, 2016. Pro forma EBITDA was AUD 43.8 million against AUD 31.3 million a year ago. Pro forma EBIT was AUD 34.4 million against AUD 25.0 million a year ago. Pro forma NPAT of AUD 21.3 million which represented an increase of 37.1% over the prior corresponding period pro forma NPAT of AUD 15.5 million, while statutory NPAT of AUD 17.8 million was up 30.1% from AUD 13.7 million and continues to track well against prospectus deliverables. The company continues to generate strong free cash flow, with operating free cash flow increasing by 27.8% from AUD 27.8 million to AUD 35.5 million.

The positive business momentum has continued into second half of fiscal year 2018. For the year ending 30 June 2018, the company expects to deliver pro forma EBITDA of approximately AUD 93 million. Further cash flow generation is expected in fiscal year 2018 with increased earnings from recent acquisitions.